ESTEEM Systems, the Wetherby-based IT services provider, has acquired SiRViS IT Holdings.

The deal has been backed by Primary Capital and Lloyds TSB, and is Esteem’s second acquisition of the year after buying Oracle services provider, MIDAS IT Solutions in May.

Woking-based SiRViS, which trades as Linetex and ATM, provides IT services and support throughout the UK and Europe and employs 130 people. Linetex and ATM will continue to be managed as a separate division by its current management team.

Joe Connolly, chief executive of Esteem Systems, said SiRViS would complement its specialised managed services portfolio, doubling the size of the business to 230 employees. “Our aim this year is to grow Esteem to a thriving £60m business both organically and through acquisition, despite difficult market conditions, so the acquisition of SiRViS is an important part of this strategy.”

Mark Lewis, managing director of Linetex and ATM, added: “Today’s climate is forcing many businesses to renew their focus on IT costs and operations. By combining our remote customer services, IT support and managed services, Esteem and SiRViS can offer customers the ‘total package’ for IT infrastructure and support.”

Grant Thornton’s Leeds office advised on the deal.